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Oct 13, 2012
10/12
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u.s. the fed is going to be very concerned about that and put out a very tough stress test on the banks. we'll see what happens, but i think it could be yet again a little bit disappointed for what we hoped for in terms of dividends. > dividends. >> susan: we're going to have to leave it there. any disclosures, fred, on the stocks you talked about? >> no. thanks. great to be on with you, susie. >> susan: thanks, have a great weekend. fred cannon. >. >> i'm diane eastabrook in chicago. still ahead, is the housing market ready to rally? i'll tell you what one expert thinks. >> susie: american consumers are feeling pretty good about the economy. the university of michigan's latest reading on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for
u.s. the fed is going to be very concerned about that and put out a very tough stress test on the banks. we'll see what happens, but i think it could be yet again a little bit disappointed for what we hoped for in terms of dividends. > dividends. >> susan: we're going to have to leave it there. any disclosures, fred, on the stocks you talked about? >> no. thanks. great to be on with you, susie. >> susan: thanks, have a great weekend. fred cannon. >. >> i'm diane...
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Oct 25, 2012
10/12
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the u.s. economy may be recovering, but there has not been much of a gain ine cotruction employment. >> construction employment has been very spotty. we've seen a couple of months and then it flatns out or even drops back down.fl >> reporter:n the past two years, the constructn n industry has added 36,0ry jobs.36 that's fraction of the 3.9t' million positions that have been created in the private sector overall. but there has beeone bright spot across the nation: apartment construction. ige reason has as much to do with lifestyle preference, as economics. >> there does seem to be a shift in preferences among young, potential homebuyers to live closer to the city or in the first ring of suburbs. many of them are looking o ay in apartments living rather than having a home further out where they need a car to get any where. they would have more of a mortgage they would be tied into. >> reporter: on the flip side, public spending on constructiono has fallen sharply. it's down 3.5% from a year ago,
the u.s. economy may be recovering, but there has not been much of a gain ine cotruction employment. >> construction employment has been very spotty. we've seen a couple of months and then it flatns out or even drops back down.fl >> reporter:n the past two years, the constructn n industry has added 36,0ry jobs.36 that's fraction of the 3.9t' million positions that have been created in the private sector overall. but there has beeone bright spot across the nation: apartment...
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Oct 20, 2012
10/12
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darren gersh reports. >> reporter: if the u.s. and china had facebook accounts, their relationship status would be put's complicated." there's agreement and disagreement on national security and economics. the u.s. pushes on human rights. the chinese push back demandinge mutual respect. economist john silvia says it's all too complex to manage by ultimatum. >> it's relationship of constant negotiation. much like many of us do with a marriage. it's not i have to win today. i win tomorrow. it's one of i compromise, i learn what you want. and we work forward over time. it's a long term negotiating process because we are going to be with china for at least there next 50 to 100 years. >> reporter: there is a reason presidential candidates talk tougher on china than sitting u.s. presidents. a trade fight between the world's two largest economies could weaken confidence in theu. global economy. >> there is the danger of a spiraling trade war that was never intended, by anybodon the u.s. side or on the chinese side, but just like a regula
darren gersh reports. >> reporter: if the u.s. and china had facebook accounts, their relationship status would be put's complicated." there's agreement and disagreement on national security and economics. the u.s. pushes on human rights. the chinese push back demandinge mutual respect. economist john silvia says it's all too complex to manage by ultimatum. >> it's relationship of constant negotiation. much like many of us do with a marriage. it's not i have to win today. i win...
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Oct 27, 2012
10/12
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me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recessi , it should be a lot better., experts call it a side-ways economy, one that is unabltona create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets of new york have different takes on what a 2% economy means to them: >> it means first of all that anyone trying to look for employment is going have a tough
me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final...
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Oct 30, 2012
10/12
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that threat of flooding was one reason u.s. stock markets were closed today, the first un- i scheduled shutdown since the september 11 attacks 11 years ago. and there will be no stock trading tomorrow either. susie gharib has more on the historic market closure from new york. >> susie: it was supposed to be a busy monday on wall street. investors were gearing up for another round of earnings reports. but hurricane sandy changed that, and it was quiet, and dart at the new york stock exchange and the nasdaq. all trading in the stock markets was closed. many companies delayed the release of their quarterly reports; a move that comes in the peak of third quarter earnings season. pfizer, mcgraw hill, entergy and others said today they would postpone their earnings announcements. at first, the n.y.s.e. had planned to only shut down the trading floor; that would have meant operating as an all- electronic exchange for the first time in its 200 year history. but late sunday big board officials, consulting with other exchanges and broker
that threat of flooding was one reason u.s. stock markets were closed today, the first un- i scheduled shutdown since the september 11 attacks 11 years ago. and there will be no stock trading tomorrow either. susie gharib has more on the historic market closure from new york. >> susie: it was supposed to be a busy monday on wall street. investors were gearing up for another round of earnings reports. but hurricane sandy changed that, and it was quiet, and dart at the new york stock...
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Oct 19, 2012
10/12
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u.s. investors are concerned, that there has been a decoupling of what is going on between the u.s. and urope. especially as we see hat spain is probably going to get money it needs and its ratings are stabilized by moodies recently it so tell us eye little bit more that there is decoupling going on. >> sure. and i think from the market's perspective we are starting to see a decoupling. the basic they are lee is there were two big issues in europe. there was a fiscal crisis and a european banking crisis. i think the market is starting to realize t rt the fiscal cries his take a long lved.to get re yet thelv banking crisis to ank certain extent has been contained by the ecb stepping in to become the lender of last resort.of so for that reason, we are looking at the markets here in the u.s. starting to focus more on fundamentals here in the united states, so much in evy headline coming out of europe. >> should we be more concerned about what is going on in china, especially with the news tha
u.s. investors are concerned, that there has been a decoupling of what is going on between the u.s. and urope. especially as we see hat spain is probably going to get money it needs and its ratings are stabilized by moodies recently it so tell us eye little bit more that there is decoupling going on. >> sure. and i think from the market's perspective we are starting to see a decoupling. the basic they are lee is there were two big issues in europe. there was a fiscal crisis and a european...
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Oct 4, 2012
10/12
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u.s. farmers will be rebounding from last summer's drought. >> in terms of impact of the drought grains stocks are low so corn and soybeans and the other seeds that they sell are going to need to be planted in great quantities so that should also deliver growth. >> reporter: werneth thinks even if the economies here and abroad worsen next year, monsanto should still reap solid profits because in good times and bad, people and animals still have to eat. diane eastabrook, "n.b.r.," chicago. >> susie: a new innovation coming soon to target. shoppers won't need to wait in the check out line to make a purchase: they will be able to scan and buy exclusive toys on shelves at the front of the store. the plan lets customers scan codes with their smartphones, and get the items shipped for free. the new strategy starts in about two weeks, just in time for the crucial holiday shopping season. target is counting on this strategy to boost holiday sales. >> tom: stocks edged higher after the encouraging
u.s. farmers will be rebounding from last summer's drought. >> in terms of impact of the drought grains stocks are low so corn and soybeans and the other seeds that they sell are going to need to be planted in great quantities so that should also deliver growth. >> reporter: werneth thinks even if the economies here and abroad worsen next year, monsanto should still reap solid profits because in good times and bad, people and animals still have to eat. diane eastabrook,...
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Oct 24, 2012
10/12
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the economy in the u.s. may be nothing to brag about, but for many firms, it's actually one of the stronger markets. >> when they talk about weakness, the weakness is everywhere else but the united states, which highligers the united states possibly being the one beacon of hope. and that's where companies need to reinforce there strength in. >> reporter: companies are also tryins to boost earnings by cutting costs and selling non- essential assets. others are using the weakto quarter as an opportunity to clean up their balance sheets. >> everything but the kitchen sink. you are going to take every write-down, every mark down, everything that you can. get it out of the way, so you look better in the following quarter. >> reporter: but hopes are fading for a strong finish to the year. of the companies that have provided earnings guidance for the fourth quarter, 22 have been negative and only two ha been positive. >> companies are already warning us not to expect too much from them for the fourth quarter. we've
the economy in the u.s. may be nothing to brag about, but for many firms, it's actually one of the stronger markets. >> when they talk about weakness, the weakness is everywhere else but the united states, which highligers the united states possibly being the one beacon of hope. and that's where companies need to reinforce there strength in. >> reporter: companies are also tryins to boost earnings by cutting costs and selling non- essential assets. others are using the weakto...
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Oct 9, 2012
10/12
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that's the conclusion of the u.s. house intelligence committee after a year-long investigation into emerging technology giants z.t.e. and huawei. huawei says the report relies on rumors and speculation, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their broadband networking equipment from z.t.e. and huawei. >> our advice to the private sector is this: your obligation is to consider larger data protection and national security implications of your business decisions and we would not advise doing business with these two companies. >> reporter: washington has become increasingly alarmed by cyber-security threats believed to have been launched from china. cyber theft of american trade secrets is estimated to cost
that's the conclusion of the u.s. house intelligence committee after a year-long investigation into emerging technology giants z.t.e. and huawei. huawei says the report relies on rumors and speculation, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the...
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Oct 16, 2012
10/12
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so even as u.s. stocks hover near their all time highs set five years ago, i'm much less nervous than i would otherwise be. because investors are still net sellers of stock funds. despite being below their highs, stocks have been profitable for those of us who've bought while the u.s. investor is selling. in fact, wilshire associates says, if you include reinvested dividends, the u.s. market set an all time high last month. i don't know if stocks are a good buy at current prices. but there's one thing i'm sure of. bond funds, which investors are buying by the ton, are a terrible buy. interest rates are artificially low. when they rise, which they will, bond investors will get clocked. and will realize that some crowds may be wise, but it's not wise to be part of an investment crowd? i'm allan sloan. >> susie: women have been wearing chanel number 5 for almost a century.. from catherine deneuve to ali mcgraw to nicole kidman, famous women have pitched the fragrance for years. but today, the iconic per
so even as u.s. stocks hover near their all time highs set five years ago, i'm much less nervous than i would otherwise be. because investors are still net sellers of stock funds. despite being below their highs, stocks have been profitable for those of us who've bought while the u.s. investor is selling. in fact, wilshire associates says, if you include reinvested dividends, the u.s. market set an all time high last month. i don't know if stocks are a good buy at current prices. but there's...
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Oct 10, 2012
10/12
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we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how businesses are weighed down by uncertainty. are they puting in more orders with you, or less? >> well, it's slowing down a little bit on some segments and other segments are strong. i believe if you look at it on a regional basis. the euro sown, as we've seen yesterday from projections. it's obviously in a difficult spot and continues to slow down. i just spent a week in china two weeks ago and had a lot of meetings with customers and as well as high government officials, and i could see that they're putting in a similar program which is strongly targeted on the infrastructure side. so i'm confident that we will see g
we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how businesses are weighed down by uncertainty. are they puting in more orders with you, or...
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Oct 3, 2012
10/12
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in january, 16 u.s. stock and balanced funds, including vanguard's largest index fund, the total stock market fund, will follow benchmarks developed by the university of chicago. six vanguard international stock funds will stop following benchmarks from msci and switch to indices operated by the ftse group based in london. >> susie: just in time for the holiday selling season, samsung can sell its galaxy tablet again in the u.s. a california federal court lifted the sales ban late yesterday. in june, a judge temporarily stopped galaxy sales as samsung and apple fought a patent case in court. in august a jury ruled the south korean company's tablet computer did not infringe on apple's patents. the galaxy 10.1 is an older model, but analysts say it still could deliver big sales for samsung over the holidays. now, what do apple, coca-cola, and ibm have in common? each earned the top three spots on interbrand's annual best global brands list. coca-cola is holding steady at number one for the 12th year in a r
in january, 16 u.s. stock and balanced funds, including vanguard's largest index fund, the total stock market fund, will follow benchmarks developed by the university of chicago. six vanguard international stock funds will stop following benchmarks from msci and switch to indices operated by the ftse group based in london. >> susie: just in time for the holiday selling season, samsung can sell its galaxy tablet again in the u.s. a california federal court lifted the sales ban late...
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Oct 12, 2012
10/12
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the bank now expects u.s. stocks to outperform other markets around the world through next year right now, the s&p is above 1,400. citigroup analysts say the index could hit 1615 by the end of next year. that would be up 13% from where it's at now. high on citigroup's buy list-- aetna, csx, goldman sachs, and google. shares of safeway bagged a loss. it's third quarter earnings met profit expectations but sales declined. analysts say grocery store chains like safeway are finding it challenging to compete against big-box retailers. >> as long as household budgets continue to be constrained, consumers are going to look for the cheapest prices, and the cheapest prices are still at the walmarts and costcos, and it's going to be very difficult for them to compete. >> susie: shares of safeway ended down 3.5%. dollar tree is also blaming the cost-conscious consumer for its profit warning. the discount retailer says third quarter results will come in below earlier estimates because consumers aren't spending as much. it
the bank now expects u.s. stocks to outperform other markets around the world through next year right now, the s&p is above 1,400. citigroup analysts say the index could hit 1615 by the end of next year. that would be up 13% from where it's at now. high on citigroup's buy list-- aetna, csx, goldman sachs, and google. shares of safeway bagged a loss. it's third quarter earnings met profit expectations but sales declined. analysts say grocery store chains like safeway are finding it...
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Oct 26, 2012
10/12
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the u.s. economy picks up steam thanks to spending by consumers and the government. >> susie: i'm susie gharib. we take you to a wells fargo event in chicago, where housing grants could turn renters into buyers. >> tom: then, from tax hikes to corporate earnings worries, tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset management joins us. >> susie: that and more tonight on "n.b.r."! >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe youoo. thas to a pick-up in spending by consers, the federal government and the housing sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. >> reporter: an economy growing at a 2% annual rate is hard
the u.s. economy picks up steam thanks to spending by consumers and the government. >> susie: i'm susie gharib. we take you to a wells fargo event in chicago, where housing grants could turn renters into buyers. >> tom: then, from tax hikes to corporate earnings worries, tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset management joins us. >> susie: that and more tonight on "n.b.r."! >> tom:...